THA Chief Secretary, Farley Augustine, will present his final budget as Finance Secretary for the financial year 2024–2025, on Monday.
Augustine recently stated that the budget would prioritise investing in the island’s human capital, focusing on education, training, and workforce development.
Last month, during an emergency media conference to address the spike in the murder toll, Augustine mentioned that the Community Development and Sports Division would receive a larger allocation.
He later stated that the THA would seek additional funds from the Central Government to establish a THA police unit to enhance the fight against crime and improve public safety.
For the previous fiscal year, the THA requested $4.54 billion from the Central Government to manage the island’s affairs. Tobago received $2.585 billion, with $2.298 billion designated for recurrent expenditure, $216 million for development programme expenditure, and $18 million for the Unemployment Relief Programme.
Following is reading of the budget next Monday, a new finance secretary will be announced on July 1.